Ontology [ONT]
After forming the Adam and Adam double top, highlighted by the cyan arrow, ONT was projected to drop to $0.66. ONT was trading at $0.63 at press time.
RSI showed a value of 28. A bullish divergence, highlighted by the white lines, was spotted. Price made lower lows while RSI made higher lows, suggesting a bounce was likely imminent.
Yet the overall outlook for the asset remains bearish, with the next level of support at $0.545.